The IBP stock fell on selling following disappointing third-quarter results. The scrip closed down 4.92 per cent at Rs 235.65 marginally up from its low of Rs 230 reached in intra-day trades. It had opened at Rs 255.90, which was also the high for the day. Volumes on the Bombay Stock Exchange (BSE) were of the order of 15,656 shares and on the National Stock Exchange (NSE), 53,880 shares were traded.
Dealers said that the selling pressure followed the results. IBP posted a 98 per cent drop in profit, while total income rose only marginally by 0.12 per cent, compared with the previous year